Which of the Following Statements Is True of the Resource

question 26

Multiple Choice

Which of the following statements is true of the Resource Conservation and Recovery Act (RCRA) ?

• A) The RCRA accomplishes proper disposal of hazardous wastes through the point-source system.
• B) The RCRA moves the handling of toxic wastes away from burial on land to treatments that destroy or permanently detoxify wastes.
• C) The RCRA is exempted from the Environmental Protection Agency (EPA) from maintaining any records or a penalty system for failure to comply with the provisions of the act.
• D) The RCRA was created primarily to provide financial assistance to local governments.
• E) The RCRA lacks investigatory powers but maintains executory powers.

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Definitions:

Costs

The amount of money expended or resources used in the production of goods or in providing services.

Average Cost Method

An inventory valuation method wherein the cost of goods sold and ending inventory is determined by taking the weighted average of all purchases.

Periodic Inventory System

An inventory accounting system where updates to the inventory accounts occur at specific intervals, such as monthly or yearly, as opposed to continuously.

Inventory Cost

The total cost associated with buying and preparing items for sale, including purchase prices, shipping, handling, and storage.